Starhill Global REIT business updates: https://links.sgx.com/FileOpen/SGREIT%201QF...t&FileID=735655

Mapletree Pan Asia Commercial Trust results: https://links.sgx.com/1.0.0/corporate-annou...e2a6eceb222a073

Interestingly, MPACT is moving to quarterly reporting when many companies are switching from half-yearly reporting to quarterly reporting.

https://links.sgx.com/FileOpen/20221027_MPA...t&FileID=735701

This post has been edited by TOS: Oct 27 2022, 11:43 PM

Capitaland Ascott Trust 3Q business updates: https://links.sgx.com/FileOpen/20221028_3Q%...t&FileID=735708

CDL Hospitality Trust 3Q operational updates: https://links.sgx.com/1.0.0/corporate-annou...e8f184473866056

This post has been edited by TOS: Oct 28 2022, 07:54 AM

Keppel REIT to acquire Ginza-2 Chome in Tokyo, an office building.

https://links.sgx.com/1.0.0/corporate-annou...3e8a8f6c68cb263

NPI yield 3.1% fully funded by debt. Looks like the weak JPY is tempting for Keppel REIT but the low NPI yield...

This post has been edited by TOS: Oct 28 2022, 05:49 PM

SG is about to have a new "tallest tower".

At 350m, 8 Shenton Way will replace the 284 m-GuocoTower to receive the title in 2028.

https://www.mingtiandi.com/real-estate/desi...-8-shenton-way/

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In another news, Mercatus, the real estate arm of NTUC is about to sell 3 suburban malls in SG to either Link REIT or Frasers Property.

CICT used to be a contender but was no longer on the list.

https://www.mingtiandi.com/real-estate/reta...eadwinds-build/

This post has been edited by TOS: Oct 29 2022, 03:21 PM

Some business updates:

Capitaland India Trust (formerly Ascendas India Trust): https://links.sgx.com/FileOpen/CLINT%203Q%2...t&FileID=736925

Capitaland China Trust: https://links.sgx.com/FileOpen/CLCT%203Q%20...t&FileID=736930

Ascendas REIT reporting today aftermarket.

This post has been edited by TOS: Oct 31 2022, 08:13 AM

Ascendas REIT 3Q business updates: https://links.sgx.com/FileOpen/CapitaLand%2...t&FileID=736961

Parkway LIFE REIT 3Q Business Update: https://links.sgx.com/FileOpen/PLife%203Q%2...t&FileID=737178

Some numbers went down, like ICR, gross revenue. JPY hedge is of particular interest given the recent acquisitions in Japan. The debt average maturity is 2.9 years, and net income fully hedged till 1Q 2027 to mitigate FX risk. 73% of interest rate exposure is hedged.

So the assumption is FX risk mitigated and allow for some fluctuations in interest rates. If BoJ still retain negative rates then no problem. Not sure when BoJ will reverse course and start raising Japan rates...

This post has been edited by TOS: Nov 1 2022, 01:11 PM

YTD 9M NPI grew 0.1% yoy. If you are specifically referring to 3Q alone, it declined about 1.8% yoy.

Since net income fully hedged for FX part till 1Q 2027, why would the DPU be reduced? Unless you think BoJ will start raising rates around Jan 23 too?

MUST 3Q operational updates: https://links.sgx.com/FileOpen/Manulife%20U...t&FileID=737310

No bro, the news is vague about the measurement period. It only stated when it ended (3Q 22), but not from when it started.

I am confident as you can verify the figures yourself from C2PU's presentation and last quarter's 1Q 22 result.

For YTD 9M 22:

NPI rose from 82.729 million to 82.830 million SGD, an increase of 0.12% (which is the 0.1% figure reported).

Source -> See slide 8: https://plifereit.listedcompany.com/newsroo...NFP0MBPHS.1.pdf

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For ONLY 3Q 22 ALONE:

Now you need to compare the YTD 9M results with 1H results to see the increase in 3Q ALONE in 2 different periods (i.e. 1H to 9M 2021 and 1H to 9M 2022).

Ok, let's do the maths.

C2PU 1H 2021 NPI was 55.453 million, 1H 2022 NPI was 56.036 million SGD

Now compare with the 9M results above, we subtract 1H values from the 9M values for each corresponding period, we get:

3Q 2021 NPI = 82.729-55.453 million SGD = 27.276 million SGD

3Q 2022 NPI = 82.830-56.036 million SGD = 26.794 million SGD

Now, it's straightfoward to find the yoy increase/decrease of NPI for 3Q ALONE: (26.794-27.276)/27.276*100% = -1.8% (which is what I told in my post earlier).

Souce for 1H 22 results-> https://plifereit.listedcompany.com/financials.html

(For slide, see slide 8: https://plifereit.listedcompany.com/newsroo...25XPSWTG.2.pdf)

This post has been edited by TOS: Nov 2 2022, 01:04 PM

We all know journalism quality these days...

Sometimes management deliberately not show you some figures to mislead you. Rather than showing you a decline in Q3 NPI, an increase of 0.1% YTD for 9M looks better. PR trick.

Netlink NBN Trust results: https://links.sgx.com/1.0.0/corporate-annou...69c337c6b1e837f

OUE Commercial REIT 3Q 22 business updates: https://links.sgx.com/1.0.0/corporate-annou...e98db8b53b0395f

First Ship Lease Trust 3Q 22 results: https://links.sgx.com/1.0.0/corporate-annou...b8032e7a2d7f675

ARA US Hospitality Trust 3Q business and operational updates: https://links.sgx.com/FileOpen/ARA%20HTrust...t&FileID=737547

Elite Commercial REIT 3Q business updates: https://links.sgx.com/1.0.0/corporate-annou...4208776ee8ade37

Frasers Hospitality Trust results: https://links.sgx.com/1.0.0/corporate-annou...e0a377397547493

This post has been edited by TOS: Nov 4 2022, 08:58 AM

From FT Weekend 05-061122:

Hi bro, please allow me to point you to some updates on this matter by relevant analysts. https://sginvestors.io/sgx/stock/cjlu-netli.../analyst-report

The review will only be completed in 1H 2023, and expected to have lag of several months thereafter before implementation, according to management.



This post has been edited by TOS: Nov 6 2022, 12:43 PM

Lendlease Global Commercial REIT business update: https://links.sgx.com/1.0.0/corporate-annou...88f24ba99772bf0